REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 March 2023 |
for |
GARETH BERTRAM LTD |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 March 2023 |
for |
GARETH BERTRAM LTD |
GARETH BERTRAM LTD (REGISTERED NUMBER: 11149264) |
Contents of the Financial Statements |
for the Year Ended 31 March 2023 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
GARETH BERTRAM LTD |
Company Information |
for the Year Ended 31 March 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
42 Lytton Road |
Barnet |
Hertfordshire |
EN5 5BY |
GARETH BERTRAM LTD (REGISTERED NUMBER: 11149264) |
Abridged Balance Sheet |
31 March 2023 |
31.3.23 | 31.3.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 7 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
GARETH BERTRAM LTD (REGISTERED NUMBER: 11149264) |
Abridged Balance Sheet - continued |
31 March 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
GARETH BERTRAM LTD (REGISTERED NUMBER: 11149264) |
Notes to the Financial Statements |
for the Year Ended 31 March 2023 |
1. | STATUTORY INFORMATION |
Gareth Bertram Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST OR VALUATION |
At 1 April 2022 |
and 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
Cost or valuation at 31 March 2023 is represented by: |
Totals |
£ |
Valuation in 2020 | (593,768 | ) |
Cost | 608,768 |
15,000 |
GARETH BERTRAM LTD (REGISTERED NUMBER: 11149264) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
5. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1 April 2022 |
and 31 March 2023 | 100 |
NET BOOK VALUE |
At 31 March 2023 | 100 |
At 31 March 2022 | 100 |
6. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
31.3.23 | 31.3.22 |
£ | £ |
Repayable by instalments |
Bank loans more 5 yr by instal | 2,674,925 | 2,097,502 |
8. | LOANS |
An analysis of the maturity of loans is given below: |
31.3.23 | 31.3.22 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank overdrafts | ( |
) | ( |
) |
Bank loans |
( |
) | ( |
) |
Amounts falling due between two and five years: |
Bank loans - 2-5 years |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 2,674,925 | 2,097,502 |
GARETH BERTRAM LTD (REGISTERED NUMBER: 11149264) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.3.23 | 31.3.22 |
£ | £ |
Bank loans |
Included in long term liabilities is a loan of £2,706,592 (2022: £2,139,169), which is secured against the investment properties and stock of the company. |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.23 | 31.3.22 |
value: | £ | £ |
B Ordinary | £1 | 1,000 | 1,000 |
C Ordinary | £1 | 1,000 | 1,000 |
D Ordinary | £1 | 1,000 | 1,000 |
E Ordinary | £1 | 1,000 | 1,000 |
1 | A Ordinary | £1 | 1 | 1 |
4,001 | 4,001 |
11. | RELATED PARTY DISCLOSURES |
As at the balance sheet date, included in debtors due within one year is £1,303,191 (2022: £408,591), due and payable from Gareth Bertram Commercial Limited, and £302,537 (2022: £70,537 ), due and payable from The Landlord's Pension Limited, companies in which there is common directorship. |
As at the balance sheet date, included in creditors due within one year is £1,092,459 (2022: £2,049,597), due and payable to John Charles Property Investments Limited, a company in which there is common directorship. |
As at the balance sheet date, included in debtors due within more than one year is £261,778 (2022 £244,652), due and payable from Gareth Bertram Commercial Limited. Interest of £17,129 at 7% was charged on the loan for the period. |
As at the balance sheet date, included in debtors due within one year is £211,910 (2022: £179,710), due and payable from Gareth Bertram Contractors, and £204,754 (2022: £200,104) due from Gareth Bertram Property Portfolio, businesses in which the director operates. |
At the balance sheet date, included in creditors due within one year is £653,636 (2022 : £696,761), due and payable to the director.The amount is interest free and repayable on demand. |
12. | ULTIMATE CONTROLLING PARTY |
The controlling party is Mr G J Bertram. |